Did you know you can get a wide format printer, like the Wide Format Legend 72HUV, for $55,000 instead of $85,000? With the 2009 rollover of the Economic Stimulus Act of 2008, it’s possible. Here’s how it works:
According to Section 179 of The Tax Relief… 2010 Act, if a print shop purchases a wide format printer like the Legend 72HUV, they can deduct up to the full purchase amount in the first year – $85,000. In fact, those businesses investing less than $800,000 in qualifying equipment can immediately deduct up to $250,000 (that’s way up from the previous amount of $128,000). Spend over $250,000 that year on equipment and you get an additional 50% deprecation bonus.
That’s big news and the kind of tax incentive that equals real, tangible savings. Based on an average print shop tax rate of about 30%, that $85,000 deduction on a wide format printer works out to a total, real dollar tax savings of $30,000. And guess what? That brings your financing price down to $55,000.
You can use our free Do the Math tax calculator spreadsheet to figure out exactly how much you’ll be able to deduct on your taxes and what you’ll save, in real dollars, on a wide format printer purchase. Click here to use the official online calculator from www.section179.org.
These types of generous government tax incentives don’t stay around forever, they usually dry up and disappear as the economy improves, the budget changes or the government moves in a new direction. So, if you’ve been thinking about going wide or investing in a new piece of equipment, now is the time to do it.
Visit lloydsofindiana.com Today to search for your one-stop-shop printing needs.
